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PRESS RELEASE


Fraud Detection Training Video Awarded

Fraud Scheme Investigation video/film has scored 13 awards

 
AGOURA HILLS, Calif. (June 21) -- Interthinx®, Inc. (www.interthinx.com), the leading provider of risk mitigation and regulatory compliance tools for the mortgage industry, has garnered 13 awards in video/film achievement for its free mortgage fraud detection training film, FSISM:Fraud Scheme Investigation. The innovative and timely project has won national Telly, Aurora, Communicator and Addy Awards for categories such as "Issue Awareness," "Training," "Public Service," "Writing," "Directing," "Editing" and "Cinematography." Additionally, FSI was an "Official Selection" for the World of Comedy Film Festival in Toronto, a rare acknowledgement for a training DVD.

"The current mortgage market and sub prime collapse illustrates a need for improved and effective mortgage fraud detection training tools. FSI was purposely created as a parody of a popular primetime, crime scene investigation television series and inspired by actual events to yield maximum viewer learning retention," noted Mike Zwerner, senior vice president of business development and marketing for Interthinx.

The film focuses on an illegal property flipping case and provides 25 "DVD Chapters" for training on other types of mortgage fraud scams. "We're certainly thrilled to receive the accolades from professional judges, but we're even more excited about the number of DVD requests, the massive acceptance and implementation of FSI training by lenders, investors and law enforcement agencies across the country," continued Mr. Zwerner. "Fraud is no doubt a component in the sub prime market collapse. Let's hope this component will be mitigated going forward thanks to tools like FSI, future training films produced by Interthinx and predictive technologies provided by Interthinx."

"The challenge for training departments is how to effectively grab the attention of today's employees to convey the importance of the material," said Karen Shreve, executive vice president, Flagstar Bancorp. "How do you discuss 'taboo' topics, such as social pressure, sales and business pressures, and use of the word 'fraud' in the workplace? The answer is FSI, which Flagstar has found extremely effective."

In today's volatile market, mortgage companies need smarter interception strategies to combat increasing fraud. Financial institutions around the country have requested more than 1700 FSI DVD's. In addition, various local and Federal authorities, Government Sponsored Enterprises (GSE's), law offices, and private investigators have requested the award-winning film. Overwhelming support for the film has also been demonstrated by 80 supporting nominations from third parties and industry professionals for Mortgage Technology Magazine's "Steve Fraser Award", bestowed upon an outstanding mortgage technology innovator, visionary or evangelizer.

For more information, visit www.FSIMovie.com

SOURCE: Interthinx Inc.

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